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DOT announces $500 million for TIGER grants
Kirill Abbakumov   on Tuesday, October 10, 2017 at 12:00:00 am

On September 6, 2017, the U.S. Department of Transportation (DOT) announced a new round of Transportation Investment Generating Economic Recovery (TIGER) Grant funding, totaling $500 million. These competitive grants, appropriated as part of the FY2017 budget year, will have an application deadline of October 16. 

As part of the rollout of this new funding, DOT will be hosting two webinars to assist in the completion of TIGER applications. These webinars will be held from 2:00 to 4:00 PM EDT on Wednesday, September 13 and Tuesday, September 19. To register, please visit the TIGER Webinar Series webpage. In addition, DOT confirmed that more webinars will also be held sometime in the future. This new round of grant funding has updated criteria, making these webinars an important source of information and assistance.

In the funding opportunity announcement, DOT states these grants will give special consideration to projects which emphasize improved access to reliable, safe, and affordable transportation for communities in rural areas, such as projects that improve infrastructure condition, address public health and safety, promote regional connectivity, or facilitate economic growth or competitiveness.”  This will provide an opportunity for economic developers to take advantage of this federal funding partnership in both rural and urban settings.

TIGER grants were originally introduced as part of the 2009 economic recovery package legislation (American Recovery and Reinvestment Act), have awarded over $5.1 billion for capital investments in surface infrastructure over 8 rounds of competitive grants. TIGER grants have historically achieved, on average, co-investment of $3.6 (including other Federal, State, local, private and philanthropic funds) for every TIGER dollar invested.